Quarterly report pursuant to Section 13 or 15(d)

Energy Assets, Net

v3.21.2
Energy Assets, Net
 6 Months Ended
Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Energy Assets, Net ENERGY ASSETS, NET
Energy assets, net consisted of the following:
  June 30, 2021 December 31, 2020
Energy assets (1)
$ 1,044,288  $ 954,426 
Less - accumulated depreciation and amortization (245,679) (225,048)
Energy assets, net $ 798,609  $ 729,378 
(1) Includes financing lease assets (see Note 6), capitalized interest and ARO assets (see tables below).
The following table sets forth our depreciation and amortization expense on energy assets, net of deferred grant amortization:
Three Months Ended June 30, Six Months Ended June 30,
Location 2021 2020 2021 2020
Cost of revenues (2)
$ 10,450  $ 9,650  $ 20,136  $ 18,949 
(2) Includes depreciation and amortization on financing lease assets (see Note 6).
The following table presents the interest costs relating to construction financing during the period of construction, which were capitalized as part of energy assets, net:
Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Capitalized interest $ 1,288  $ 912  $ 3,526  $ 1,774 

The following tables sets forth information related to our Asset Retirement Obligations (“ARO”) assets and ARO liabilities:
Location June 30, 2021 December 31, 2020
ARO assets, net Energy assets, net $ 2,004  $ 1,468 
ARO liabilities, current Accrued expenses and other current liabilities $ 6  $ 86 
ARO liabilities, non-current Other liabilities 2,284  1,561 
Total ARO liabilities $ 2,290  $ 1,647 

Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Depreciation expense of ARO assets $ 30  $ 19  $ 53  $ 38 
Accretion expense of ARO liabilities $ 33  $ 22  $ 57  $ 43